Asian institutions, family offices eye 'recession-era' vintages in alts drive

Three out of four institutional investors in Asia intend to increase their exposure to alternative assets within the next 12 months, undeterred by concerns over fund vintages, according to a survey by Cambridge Associates. Audrey The Cambridge Associates “Our research has shown that recession-era vintages, invested at more moderate valuations, have historically outperformed growth expectations and achieved multiple expansion at exit,” Audrey The, managing director at C…